The corporate cop has secured a much needed win after two pre-insolvency advisers pleaded guilty to money laundering. In a statement yesterday ASIC said that Stephen O’Neill of Port Melbourne, Victoria and John Narramore, of Main Beach Queensland had both pleaded guilty in the Brisbane District Court to one charge of dealing in the proceeds of crime. The hapless client who engaged them – Cap…
Hall Chadwick’s Richard Albarran. Hall Chadwick’s Brent Kijurina An accounting practice principal has insisted that his firm has no referral relationship with Hall Chadwick despite referring multiple appointments to Hall Chadwick’s Sydney practice and engaging the wife of a Hall Chadwick staffer as a bookkeeper. During public examinations in the Federal Court last month Hafez Alameddine, principal of Macquarie Accountants, answered “Privilege. No” when asked…
dVT’s Mark Robinson. PwC’s Daniel Walley. It’s been a long time coming but the insolvent trading claim against directors of Reed Construction Australia (RCA) kicked off in the NSW Supreme Court yesterday and reunited in the court were two members of the PPB alumni. Readers may recall that former PPB favourite son Mark Robinson was appointed by the courts to wind up RCA back in…
Deloitte’s Neil Cussen. Ex-Deloitte Canberra partner Eddie Senatore. Those familiar with the decision of the Federal Court in Fair Work Ombudsman v Foot & Thai Massage Pty Ltd (in liquidation) [2019] FCA 1601 will know that it has some interesting implications for insolvency practitioners in terms of what claims are and are not extinguished by a DoCA, as well providing lurid and engaging details in…
Subject to a RevLiq: Amos Insolvency’s Peter Amos. Editor’s Note: iNO reported in an earlier version of this story that AAF funds would be recovered via the Industry Funding Levy. ASIC has since advised that this is NOT the case. After reporting last week on the appointment by ASIC of two Reviewing Liquidators (RevLiqs) iNO has learned that one of the unfortunates under review is…
Hamilton Murphy’s Stephen Dixon. The old independence bugbear never lets up it seems with AFSA recently gnawing on an apparently conflicted limb attached to registered trustee Stephen Dixon. iNO understands it was the view of the personal insolvency regulator that the Hamilton Murphy partner should not have taken an appointment as trustee of the bankrupt estate of Graeme Charles Diamond, 63 of Guanaba in Queensland,…
Sivaa Consulting has released its compilation of appointment statistics for Financial year 2018 and 2019 (FY 2018/19) and among the numbers is one figure that stands above all others – of 199 insolvency firms nationally, 17 control almost 50 per cent of all external administration files. Clearly some firms are better at bringing in work than others and the Sivaa stats show not only who…
AIIP president Stephen Hathway. Helm Advisory’s Phil Hosking. iNO hears that common sense and self-interest have prevailed to deliver a big win for liquidators Stephen Hathway and Phil Hosking, and that means a big win for unsecured creditors of multiple entities associated with the Merhis construction group. While official confirmation is pending, iNO can reveal that the people behind Merhis have agreed to pay around…
Cor Cordis partner Alan Walker. Being replaced as liquidators is no reason to lodge a Form 5603 (End of administration return) with ASIC but that is what Cor Cordis partner Alan Walker apparently did back in January this year after he and colleague Jason Bing-Fai Tang were ousted a month earlier. The unfortunate consequence of this error was that the replacement liquidators – PwC’s Daniel…
After several months contemplating her future from the perspective-focussing environs of the Holy Lands, Queensland-based liquidator Ginette Muller has agreed to join Hall Chadwick as a salaried partner. Speaking to iNO yesterday Muller confirmed the move, adding the expected cautionary note about issues yet to be resolved with former firm Jirsch Sutherland in respect of WIP. “I’m luckier than most because I have so few…